KCBT Sets New Membership Sales Record At $650,000 - Previous Record Of $601,000 Set Less Than A Month Ago

The Kansas City Board of Trade on Thursday set a new membership sales record with a Class A membership sale at $650,000, topping the previous record of $601,000 set on September 24 of this year. Last year at this time, the record was less than half this level, at $270,000.

“It is certainly gratifying to see membership prices continue to achieve record highs,” said KCBT President & CEO Jeff Borchardt. “I see this as the result of the emphasis the exchange has placed in recent years on both contract effectiveness and shareholder value.”

The KCBT is a for-profit corporation organized under the laws of Delaware. There are 192 Class "A" (equity) memberships or shares of stock in the exchange and 60 "B" (non-equity) or associate memberships.

The Kansas City Board of Trade, founded in 1856, is the world's largest futures market for hard red winter wheat. This year, the exchange is celebrating its 151-year anniversary.